Office REIT With Seattle, Richland Holdings Exits Bankruptcy as Creditors Take Control in $714MM Debt Cut

Office Properties Income Trust, the national REIT that owns five office buildings in Washington, has emerged from Chapter 11 after a court-supervised restructuring that wiped out existing shareholders and handed control to a creditor group led by distressed-debt firm Helix Partners Management. The reorganization, completed June 17, slashed roughly $714 million in debt and left […]